Equity Now INC FY2022 filing

Tax-deductible

Lanham, MD501(c)(3)Since 2017EducationEIN 82-2008232

Equity now's mission is to discover, plan and implement innovative solutions for pathways of building equity. Focusing on financial education, improving k-12 education, social-emotional learning & academic development, and agriculture & sustainability education. Legends charter school was founded to create a partnership with students, parents and the prince georges county community. Legends charter school provides an advanced liberal arts college preparatory education, incorporating financial education that is supplemented with blended learning to personalize scholars learning experience and establish robust financial portfolios.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$648K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $750K a year · 8% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$648K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26.2M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.7M
×29 vs prior year
Spent
$10.1M
To programs
85%
Net assets
−$1.3M
By yearFY2020–FY2024
Revenue
$9.7M
FY2022▲ ×29
Revenue by fiscal year
FY2020$337K
FY2022$9.7M
FY2023$13.1M
FY2024$14.6M
FY2024$14.4M
Expenses
$10.1M
FY2022▲ ×14
Expenses by fiscal year
FY2020$722K
FY2022$10.1M
FY2023$10.9M
FY2024$13.0M
FY2024$13.8M
Net assets
−$1.3M
FY2022▼ -232%
Net assets by fiscal year
FY2020−$402K
FY2022−$1.3M
FY2023$888K
FY2024$2.5M
FY2024$3.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $8.6M Management & general 14% · $1.4M Fundraising 1% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $648K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$179,312Pt VII · Sec A
$179,287Pt VII · Sec A
Chief Growth
$153,675Pt VII · Sec A
Ex. Dir. Mar
$135,808Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shomari a James’s $196K as CEO - Equity is at the 35th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Shomari a James$195,827$189,370$186,142$179,287
Atasha James$193,839$189,636$187,117$179,312
Aminah Williams$71,699—$156,580$153,675
Antoine Williams$156,163$142,814$141,885$135,808
Garrett Mushaw—$135,020——
Justin Devose$111,217$102,010$101,346—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Equity Now INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds equity through financial, academic, and sustainability education for students and communities.

Provided by the organization

This section is blank until Equity Now INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $8.6M of program spending, described in the organization's own filed words · FY2021.
01

Equity now is committed to prince georges county, the residents, and the students, and desires to strengthen the relationship with the community by offering an academic choice that is rigorous and integral to the growth of our educational landscape.

$8.6Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.7M
Ln 12
Fees for servicesLn 2g$8.7M
Gifts and grantsLn 1h$991K
Other incomeLn 4–11$4K
Money outPt IX
$10.1M
Ln 25
Programscol B$8.6M
Managementcol C$1.4M
Fundraisingcol D$120K
Owns and owesPt X
−$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$24.9M
LiabilitiesLn 26$26.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$991K
Government grantsLn 1e$806K
Noncash giftsLn 1g$81K
Fundraising eventsLn 1c$72K
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$844
Other incomeLn 4–11$4K
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$19.7M
Other assetsLn 15$1.6M
Total assetsLn 16$24.9M
LiabilitiesLn 26$26.2M
Net assetsLn 32−$1.3M
OperationsPt I, VI
EmployeesI 580
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.6M$1.9M
Land, buildings, equipmentLn 10c$20.1M$19.7M
Total assetsLn 16$25.2M$24.9M
LiabilitiesLn 26$26.1M$26.2M
Net assetsLn 32−$938K−$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$648K$648K
Other salaries and wagesLn 7$4.9M$3.8M$988K$85K
Payroll taxesLn 10$376K$376K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$115K$115K
Professional fundraising feesLn 11e$35K$35K
Other fees for servicesLn 11g$122K$29K$93K
Office expensesLn 13$110K$6K$104K
InterestLn 20$1.8M$1.8M$3K
Depreciation, depletion and amortizationLn 22$664K$664K
InsuranceLn 23$93K$14K$78K
Other expenses (24a–d)Ln 24$1.2M$1.2M
All other expensesLn 24e$35K$16K$19K
Total functional expensesLn 25$10.1M$8.6M$1.4M$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.6M$13.0M$1.6M$2.5M 990 PDF
FY2023 $13.1M$10.9M$2.2M$888K 990 PDF
FY2022 Viewing $9.7M$10.1M−$396K−$1.3M 990 PDF
FY2021 Not on file
FY2020 $337K$722K−$385K−$402K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $9,713,112 across 10 lines filed
VIII-1c Fundraising events$71,865
VIII-1e Government grants$805,657
VIII-1f All other contributions, gifts and grants$113,594
VIII-1g Noncash contributions (included above)$80,956
VIII-1h Total contributions, gifts and grants$991,116
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,717,411$8,717,411
VIII-3 Investment incomeRelated to mission $844$844
VIII-8 Net income from fundraising events$2,729
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,012$1,012
VIII-12 Total revenueRelated to mission $8,718,255 · Excluded from tax $1,012$9,713,112
Part IX · Statement of functional expenses $10,109,112 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $648,082$648,082
IX-7 Other salaries and wagesPrograms $3,795,135 · Management $987,515 · Fundraising $84,764$4,867,414
IX-10 Payroll taxesPrograms $375,836$375,836
IX-11b Legal feesManagement $19,426$19,426
IX-11c Accounting feesManagement $114,993$114,993
IX-11e Professional fundraising feesFundraising $35,105$35,105
IX-11g Other fees for servicesPrograms $28,748 · Management $93,330$122,078
IX-13 Office expensesPrograms $5,967 · Management $103,592$109,559
IX-20 InterestPrograms $1,812,500 · Management $3,384$1,815,884
IX-22 Depreciation, depletion and amortizationPrograms $663,505$663,505
IX-23 InsurancePrograms $14,070 · Management $78,455$92,525
IX-24 Other expenses (24a–d)Programs $1,210,033$1,210,033
IX-24e All other expensesPrograms $15,501 · Management $19,171$34,672
IX-25 Total functional expensesPrograms $8,569,377 · Management $1,419,866 · Fundraising $119,869$10,109,112
Part X · Balance sheet $24,895,154 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,582,391$1,902,608
X-4 Accounts receivableStart of year $268,788$1,351,202
X-9 Prepaid expenses and deferred chargesStart of year $20,800$30,303
X-10c Land, buildings and equipment, netStart of year $20,124,660$19,722,792
X-14 Intangible assetsStart of year $285,890$285,519
X-15 Other assetsStart of year $2,913,107$1,602,730
X-16 Total assetsStart of year $25,195,636$24,895,154
X-17 Accounts payable and accrued expensesStart of year $773,454$986,505
X-20 Tax-exempt bond liabilitiesStart of year $24,341,474$24,361,082
X-25 Other liabilitiesStart of year $44,239$51,266
X-26 Total liabilitiesStart of year $26,133,628$26,229,146
X-27 Net assets without donor restrictionsStart of year −$967,127−$1,378,992
X-28 Net assets with donor restrictionsStart of year $29,135$45,000
X-32 Total net assets or fund balancesStart of year −$937,992−$1,333,992
X-33 Total liabilities and net assetsStart of year $25,195,636$24,895,154
Part XI · Reconciliation of net assets −$1,333,992 net assets at year end
XI-1 Total revenue$9,713,112
XI-2 Total expenses$10,109,112
XI-3 Revenue less expenses−$396,000
XI-4 Net assets at start of year−$937,992
XI-10 Net assets at end of year−$1,333,992

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.